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Goodwill and Intangible Assets (Tables) | 9 Months Ended
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Sep. 30, 2023
Goodwill and Intangible Assets Disclosure [Abstract] |
Changes to Goodwill | Changes to goodwill are as follows:
(in millions) | Crane Payment Innovations | Crane Currency | Total
Balance as of December 31, 2022 | $ | 622.4 |  | $ | 214.2 |  | $ | 836.6 |
Currency translation | (9.0) |  | (0.3) |  | (9.3) |
Balance as of September 30, 2023 | $ | 613.4 |  | $ | 213.9 |  | $ | 827.3 |
Summary of Intangible Assets | Changes to intangible assets are as follows:
(in millions) | Nine Months Ended September 30, 2023 |  | Year Ended December 31, 2022
Balance at beginning of period, net of accumulated amortization | $ | 344.9 |  |  | $ | 388.5 |
Amortization expense | (27.0) |  |  | (36.0) |
Currency translation and other | (3.6) |  |  | (7.6) |
Balance at end of period, net of accumulated amortization | $ | 314.3 |  |  | $ | 344.9 |
A summary of intangible assets are as follows:
|  |  | September 30, 2023 |  | December 31, 2022
(in millions) | Weighted Average Amortization Period of Finite Lived Assets (in years) |  | Gross Asset |  | Accumulated Amortization |  | Net |  | Gross Asset |  | Accumulated Amortization |  | Net
Intellectual property rights | 10.3 |  | $ | 61.8 |  |  | $ | 14.5 |  |  | $ | 47.3 |  |  | $ | 62.0 |  |  | $ | 14.0 |  |  | $ | 48.0 |
Customer relationships and backlog | 18.8 |  | 495.7 |  |  | 257.6 |  |  | 238.1 |  |  | 502.9 |  |  | 242.0 |  |  | 260.9 |
Other | 9.9 |  | 98.1 |  |  | 69.2 |  |  | 28.9 |  |  | 98.7 |  |  | 62.7 |  |  | 36.0 |
Total | 18.0 |  | $ | 655.6 |  |  | $ | 341.3 |  |  | $ | 314.3 |  |  | $ | 663.6 |  |  | $ | 318.7 |  |  | $ | 344.9 |
Intangible Assets Future Amortization Expense | Future amortization expense associated with intangible assets is expected to be:
(in millions) |
Remainder of 2023 | $ | 9.2 |
2024 | 35.4 |
2025 | 30.1 |
2026 | 29.9 |
2027 | 29.1 |
2028 and after | 135.1 |

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